Foxconn, Stellantis joint venture establishes R&D for automotive semiconductors tech in India: PTI
PTI further noted that Foxconn was in the course of establishing its EV manufacturing plant and also aimed to establish a battery manufacturing unit for electric vehicles.
SiliconAuto, a JV between Stellantis and Foxconn, has established its R&D centre in Bengaluru that will look at semiconductor product design and system on chip development for the auto sector, PTI noted.
SiliconAuto CEO Gene Liu noted in a statement that the centre embodied the company's commitment to innovation in the automotive industry. "Our India team is set to drive forward our vision of a smarter and safer future for transportation."
PTI further noted that Foxconn was in the course of establishing its EV manufacturing plant and also aimed to establish a battery manufacturing unit for electric vehicles.
SiliconAuto in a statement noted that the India design centre would look at the development of next gen semiconductor solutions for EVs, autonomous driving and connected car technologies.
RELATED ARTICLES
India Eases FDI Rules for Land-Border Investors, Offering Boost to Electronics Manufacturing
Revised policy allows up to 10% beneficial ownership under the automatic route and introduces faster approvals for inves...
Qualcomm and Wayve Partner to Bring Production-Ready AI to Automotive Driving Systems
The collaboration integrates Wayve's end-to-end AI driving software with Qualcomm's Snapdragon Ride platform, giving aut...
Cabinet Clears Changes to FDI Policy for Investments from Land-Bordering Countries
India had tightened FDI rules in April 2020 to prevent opportunistic acquisitions of domestic companies during the econo...




By Autocar Professional Bureau
24 Sep 2024
4827 Views
Mukul Yudhveer Singh

Sarthak Mahajan